The Massachusetts Turnpike Authority's coffers may run dry by June 30 due to unforeseen infrastructure needs and an 8% dip in traffic on the Metropolitan Highway System in March.

At the same time, a bill to extend Massachusetts' general obligation pledge on five MassPike swaps with UBS Securities LLC as counterparty moves to Gov. Deval Patrick's desk for his signature after lawmakers last week approved the measure. Patrick filed the initiative in January to help the authority ward off a potential $350 million termination fee on the derivatives.

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